Michael J. Short sells 6,364 CHRW shares after exercising options

Rhea-AI Filing Summary

Michael J. Short, President, Global Forwarding at C.H. Robinson (CHRW), reported exercising stock options to acquire 6,364 shares at an exercise price of $72.74 per share and selling 6,364 shares at a weighted-average price of $117.2415 on 08/06/2025. His reported beneficial ownership decreased from 66,765 shares to 60,401 shares. The filing notes 115 shares were acquired under the employee stock purchase plan and that 60,286 shares are issuable in settlement of restricted stock units and deferred plan credits to his NQDC account. The exercised options are fully vested.

Insights

Financial Analyst

TL;DR: Officer exercised vested options, sold the resulting 6,364 shares at a weighted-average $117.24, and remains a significant shareholder.

The transactions show a routine option exercise followed by an immediate sale of the same number of shares, realizing the spread between the exercise price of $72.74 and the sale proceeds at a weighted-average of $117.2415. Reported beneficial ownership declined from 66,765 to 60,401 shares, while 60,286 shares remain issuable via restricted stock units and deferred plan credits, indicating ongoing equity exposure tied to compensation plans. On balance, this is a liquidity event by the officer rather than a clear signal of material change in alignment with shareholders.

Corporate Governance Expert

TL;DR: Insider exercised fully vested options and sold shares; substantial issuable RSUs and deferred plan holdings remain, preserving alignment with the company.

The filing documents an option exercise and contemporaneous sale of 6,364 shares. The disclosure that 60,286 shares are issuable in settlement of restricted stock units and deferred shares suggests continued long-term incentive exposure. The options exercised are explicitly noted as fully vested, and a small portion of acquired shares (115) came from the ESPP. This pattern is consistent with routine executive liquidity and compensation execution rather than an event that, by itself, indicates governance or control changes.

Insider Trade Summary

Net Seller: 6,364 shares ($746,125)

Net Sell 3 txns

Insider Short Michael John

Role President, Global Forwarding

Sold 6,364 shs ($746K)

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	6,364	$0.00	--
Exercise	Common Stock	6,364	$72.74	$463K
Sale	Common Stock	6,364	$117.2415	$746K

Holdings After Transaction: Stock Option (right to buy) — 0 shares (Direct); Common Stock — 66,765 shares (Direct)

Footnotes (1)

1. Includes 115 shares acquired pursuant to the Issuer's employee stock purchase plan. Reflects the weighted average price of 6,364 shares of common stock of C.H. Robinson Worldwide, Inc. sold by the reporting person in multiple transactions on August 6, 2025 with sale prices ranging from $117.185 to $117.27 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Included in this amount are 60,286 shares of Issuer common stock issuable in settlement of an equal number of restricted stock units and deferred shares credited to the reporting person's NQDC Plan account. Fully vested.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Short Michael John

(Last) (First) (Middle)

14701 CHARLSON ROAD

(Street)

EDEN PRAIRIE MN 55347

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
C. H. ROBINSON WORLDWIDE, INC. [ CHRW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Global Forwarding

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/06/2025		M		6,364	A	$72.74	66,765(1)	D
Common Stock	08/06/2025		S		6,364	D	$117.2415(2)	60,401(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$72.74	08/06/2025		M			6,364	(4)	02/05/2030	Common Stock	6,364	$0	0	D

Explanation of Responses:

1. Includes 115 shares acquired pursuant to the Issuer's employee stock purchase plan.

2. Reflects the weighted average price of 6,364 shares of common stock of C.H. Robinson Worldwide, Inc. sold by the reporting person in multiple transactions on August 6, 2025 with sale prices ranging from $117.185 to $117.27 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

3. Included in this amount are 60,286 shares of Issuer common stock issuable in settlement of an equal number of restricted stock units and deferred shares credited to the reporting person's NQDC Plan account.

4. Fully vested.

	/s/ Nicole Strydom, Attorney-in-Fact for Michael J. Short	08/08/2025
	** Signature of Reporting Person	Date
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